SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB
(Mark One)

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

For the Fiscal Year Ended December 31, 2004

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

Commission File No. 0-27609

                         MONET ENTERTAINMENT GROUP, LTD.
                 ----------------------------------------------
                 (Name of Small Business Issuer in its charter)

                Colorado                                          84-1391993
        ------------------------                             -------------------
        (State of incorporation)                                (IRS Employer
                                                             Identification No.)
    222 Milwaukee Street, Suite 304
           Denver, Colorado                                         80206
---------------------------------------                            --------
(Address of Principal Executive Office)                            Zip Code

Registrant's telephone number, including Area Code: (303) 329-3479 Securities
registered pursuant to Section 12(b) of the Act: None Securities registered
pursuant to Section 12(g) of the Act:

                                  Common Stock
                                (Title of Class)

Check whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the Registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days.
                                 YES [X] NO [ ]

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of the Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X]

The Company's revenues for the most recent fiscal year were $  0.
                                                            -----
The aggregate market value of the voting stock held by non-affiliates of the
Company on March 3, 2005, was $0.00.

As of March 3, 2005 the Company had 5,000,000 issued and outstanding shares of
common stock.


<PAGE>



                                     Part I

Item 1. Description Of Business

Monet Entertainment Group, Ltd., (the "Company") was formed in 1996 in order to
finance the production of low budget feature length motion pictures and a
variety of other entertainment projects including documentaries, video
recordings and musical recordings.

The Company, in consultation with its auditors has removed the "Development
Stage" designation from its financial statements as of October 1, 2002 as the
Company has been unable to commence operations as planned and has ceased to
actively pursue its prior business plan.

The Company intends to maintain its corporate existence and continue filing its
required reports pursuant to the Securities Exchange Act while it re-evaluates
its motion pictures financing business plan and seeks out other business
opportunities for the Company.


Employees And Offices

As of March 3, 2005, the Company did not have any full time employees.


Item 2. Description Of Properties

The Company's offices are located at 222 Milwaukee St., Suite 304, Denver, CO
80206 and its telephone number is (303) 329-3479.


Item 3. Legal Proceedings.

The Company is not party to any pending legal proceeding nor is any of its
property the subject of any pending legal proceeding. The Company is not aware
of any proceeding that a governmental authority is contemplating.


Item 4. Submission Of Matters To A Vote Of Security Holders.

         Not Applicable


                                     Part II

Item 5. Market For Registrant's Common Equity And Related Stockholder Matters

As of March 3, 2005, there were approximately 1,300 beneficial owners of the
Company's common stock. The Company's common stock has a trading symbol of MNEG
and is listed on the NASD Over-The Counter Bulletin Board Market. There have
been no reported bids or offers and no trades have been made.

Common Stock

The Company is authorized to issue 25,000,000 shares of common stock (the
"Common Stock"). Holders of Common Stock are entitled to cast one vote for each
share held of record of all matters presented to shareholders. Cumulative voting
is not allowed, which allows the holders of a majority of the outstanding Common
Stock to elect all directors.



<PAGE>
Holders of Common Stock are entitled to receive such dividends as may be
declared by the Board of Directors out of funds legally available for the
payment of dividends and, in the event of liquidation, to share pro rata in any
distribution of the Company's assets after payment of liabilities. The Company
has never declared a dividend and it is not anticipated that dividends will be
paid in the foreseeable future.

Holders of Common Stock do not have preemptive rights to subscribe to additional
shares issued by the Company. All of the outstanding shares of Common Stock are
fully paid and non-assessable.

Preferred Stock

The Company is authorized to issue up to 25,000,000 shares of preferred stock.
The Company's Articles of Incorporation provide that the Board of Directors has
the authority to issue the Preferred Stock from time to time, with such
designations, preferences, conversion rights, cumulative, relative,
participating, optional or other rights, qualifications, limitations, or
restrictions thereof as they determine, within the limitations provided by
Colorado statute.

Equity Compensation Plan Information

The Company does not have any equity compensation plans in effect.


Item 6. Management's Discussion And Analysis Or Plan Of Operations

Plan of Operation

The Company intends to maintain its corporate existence and continue filing its
required reports pursuant to the Securities Exchange Act while it re-evaluates
its motion pictures financing business plan and seeks out other business
opportunities for the Company.


Item 7. Financial Statements

         See the financial statements attached to this report.



<PAGE>






                         MONET ENTERTAINMENT GROUP, LTD.


                              Financial Statements

                                December 31, 2004

                  (with Report of Independent Auditors Thereon)








<PAGE>

                        MONET ENTERTAINMENT GROUP, LTD.
                         Index to Financial Statements






                                                                        Page
                                                                       ------

Report of Independent Auditors.......................................   F-2

Balance Sheet at December 31, 2004...................................   F-3

Statements of Operations for the years ended
     December 31, 2004 and 2003......................................   F-4

Statement of Changes in Shareholders' Deficit for the period from
     January 1, 2003 through December 31, 2004.......................   F-5

Statements of Cash Flows for the years ended
     December 31, 2004 and 2003......................................   F-6

Notes to Financial Statements ........................................  F-7







                                      F-1
<PAGE>


                         Report of Independent Auditors


The Board of Directors
Monet Entertainment Group, Ltd.:


We have audited the accompanying balance sheet of Monet Entertainment Group,
Ltd. as of December 31, 2004, and the related statements of operations, changes
in shareholders' deficit, and cash flows for years ended December 31, 2004 and
2003. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Monet Entertainment Group, Ltd.
as of December 31, 2004, and the results of its operations and its cash flows
for each of the years ended December 31, 2004 and 2003 in conformity with
generally accepted accounting principles in the United States.





Cordovano and Honeck, LLP
Denver, Colorado
February 15, 2004


                                      F-1

<PAGE>

                        MONET ENTERTAINMENT GROUP, LTD.
                                 Balance Sheet
                               December 31, 2004



                                     Assets

Cash ...............................................................   $  7,112
                                                                       --------

                   Total assets ....................................   $  7,112
                                                                       ========

                     Liabilities and Shareholders' Deficit

Liabilities:
    Accounts payable:
       Trade creditors .............................................   $    700
       Due to related party (Note 2) ...............................      6,739
                                                                       --------

                   Total liabilities ...............................      7,439
                                                                       --------

Shareholders' deficit:
    Preferred stock , no par value; authorized 25,000,000 shares,
       issued and outstanding, -0- shares ..........................         --
    Common stock , no par value; authorized 25,000,000 shares,
       issued and outstanding, 5,000,000 shares ....................      9,919
    Additional paid-in capital .....................................     25,123
    Retained deficit ...............................................    (35,369)
                                                                       --------

                   Total shareholders' deficit .....................       (327)
                                                                       --------

                   Total liabilities and shareholders' deficit .....   $  7,112
                                                                       ========






                 See accompanying notes to financial statements
                                      F-3
<PAGE>



                        MONET ENTERTAINMENT GROUP, LTD.
                            Statements of Operations



                                                      Years Ended December 31,
                                                     --------------------------
                                                        2004            2003
                                                     ----------     -----------

Costs and expenses:
    General and administrative expenses ........    $     4,890     $     3,020
                                                    -----------     -----------

               Total expenses ..................         (4,890)         (3,020)

Other income (expense):
    Miscellaneous income (Note 3) ..............             --           2,051
    Interest income ............................             73              77
    Impairment loss (Note 1) ...................             --            (115)
                                                    -----------     -----------

               Loss before
                 income taxes ..................         (4,817)         (1,007)

    Income tax provision .......................             --              --
                                                    -----------     -----------

               Net loss ........................    $    (4,817)    $    (1,007)
                                                    ===========     ===========

Basic and diluted loss per share ...............    $     (0.00)    $     (0.00)
                                                    ===========     ===========

Weighted average common shares outstanding .....      5,000,000       5,000,000
                                                    ===========     ===========


                 See accompanying notes to financial statements
                                      F-4



<PAGE>
<TABLE>
<CAPTION>



                        MONET ENTERTAINMENT GROUP, LTD.
                 Statement of Changes in Shareholders' Deficit



                                    Common Stock       Additional
                               ---------------------    paid-in    Retained
                                 Shares     Amount      capital     deficit      Total
                               ---------   ---------   ---------   ---------    ---------
<S>                            <C>         <C>         <C>         <C>          <C>
Balance at January 1, 2003 .   5,000,000   $   9,919   $  25,123   $ (29,545)   $   5,497
Net loss ...................          --          --          --      (1,007)      (1,007)
                               ---------   ---------   ---------   ---------    ---------

Balance at December 31, 2003   5,000,000       9,919      25,123     (30,552)       4,490
Net loss ...................          --          --          --      (4,817)      (4,817)
                               ---------   ---------   ---------   ---------    ---------

Balance at December 31, 2004   5,000,000   $   9,919   $  25,123   $ (35,369)   $    (327)
                               =========   =========   =========   =========    =========
</TABLE>






                 See accompanying notes to financial statements
                                       F-5


<PAGE>



                        MONET ENTERTAINMENT GROUP, LTD.
                            Statements of Cash Flows



                                                        Years Ended December 31,
                                                         ----------------------
                                                           2004         2003
                                                         --------     --------
Cash flows from operating activities:
    Net loss .........................................   $(4,817)     $(1,007)
    Adjustments to reconcile net loss to net
      cash provided by operating activities:
        Impairment loss (Note 1) .....................        --          115
        Changes in operating liabilities:
             Accounts payable ........................       700       (2,797)
                                                         -------      -------

                 Net cash used in
                    operating activities .............    (4,117)      (3,689)
                                                         -------      -------

Cash flows from financing activities:
    Proceeds from related party advances (Note 2) ....     4,190        4,510
    Payments to related party advances (Note 2) ......    (1,961)          --
                                                         -------      -------

                 Net cash provided by
                    financing activities .............     2,229        4,510
                                                         -------      -------

                 Net change in cash and
                    cash equivalents .................    (1,888)         821

Cash and cash equivalents:
    Beginning of period ..............................     9,000        8,179
                                                         -------      -------

    End of period ....................................   $ 7,112      $ 9,000
                                                         =======      =======

Supplemental disclosure of cash flow information:
   Cash paid during the year for:
      Income taxes ...................................   $    --      $ 1,207
                                                         =======      =======
      Interest .......................................   $    --      $    --
                                                         =======      =======




                 See accompanying notes to financial statements
                                       F-6


<PAGE>


                         MONET ENTERTAINMENT GROUP, LTD.
                          Notes to Financial Statements



(1)      Summary of Significant Accounting Policies

Organization and Basis of Presentation

Monet Entertainment Group, Ltd. (The "Company") was formed on September 20, 1996
in Colorado. The purpose of the Company was to engage in two pursuits within the
entertainment industry which involve developing a unique "completion guarantee"
to assure the completion of selected projects and developing a financing program
for full length motion pictures. Until October 1, 2002, the Company had been in
the development stage.

Use of Estimates

The preparation of financial statements in accordance with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and the disclosure of
contingent assets and liabilities at the date of financial statements and the
reported amounts of revenues and expenses during the reporting period. Actual
results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid securities with original maturities of
three months or less when acquired to be cash equivalents. Cash equivalents at
December 31, 2004, were approximately $-0-.

Impairment of Long-Lived Assets

In accordance with Statement of Financial Accounting Standards (SFAS) No. 144,
Accounting for the Impairment or Disposal of Long-Lived Assets, the Company
evaluates their long-lived assets (excluding the full cost pool), including
related intangibles of identifiable business activities for impairment when
events or changes in circumstances indicate, in management's judgment, that the
carrying value of such assets may not be recoverable. The determination of
whether impairment has occurred is based on management's estimate of
undiscounted future cash flows attributable to the assets as compared to the
carrying value of the assets. If impairment has occurred, estimating the fair
value for the assets and recording a provision for loss if the carrying value is
greater than fair value determine the amount of the impairment recognized. For
assets identified to be disposed of in the future, the carrying value of these
assets are compared to the estimated fair value less the cost to sell to
determine if impairment is required. Until the assets are disposed of, an
estimate of the fair value is re-determined when related events or circumstances
change.

The Company has exchanged shares of its common stock for shares of Series C
common stock of Energy Acquisition Companies, Inc. (Energy), a New York
Corporation. The exchange, which was effective on October 7, 1996, (the date the
Certificate of Share Exchange was filed by the Colorado Secretary of State and
by New York Department of State), resulted in the exchange of 115,531 shares of
Energy Acquisition Companies, Inc. Series C, Par Value $0.001 Common Stock for
500,000 shares of Monet Entertainment Group, Ltd. Common Stock. The 115,531
shares of Energy Acquisition Companies, Inc. common stock received by Monet
represented less than one percent of Energy's outstanding shares. The 500,000
shares of Monet common stock surrendered to Energy represents eleven percent of
the Company's outstanding common stock, and two percent of its authorized stock.
During the year ended December 31, 2003, management determined the investment to
be impaired, since Energy is no longer in operations. An impairment loss of $115
is reflected in the accompanying financial statements.

Income Taxes

The Company accounts for income taxes under the provisions of Statement of
Financial Accounting Standards No. 109, Accounting for Income Taxes (SFAS 109).
SFAS 109 requires recognition of deferred tax liabilities and assets for the
expected future tax consequences of events that have been included in the
financial statements or tax returns. Under this method, deferred tax liabilities
and assets are determined based on the difference between the financial
statement and tax bases of assets and liabilities using enacted tax rates in
effect for the year in which the differences are expected to reverse.



                                      F-7
<PAGE>



                         MONET ENTERTAINMENT GROUP, LTD.
                          Notes to Financial Statements



Revenue Recognition

Revenue from consulting services is recognized as the services are provided.

Financial Instruments and Concentration of Credit Risk

At December 31, 2004, the fair value of the Company's financial instruments
approximate their carrying value based on their terms and interest rates.

Earnings (loss) per Common Share

The Company reports loss per share using a dual presentation of basic and
diluted loss per share. Basic loss per share excludes the impact of common stock
equivalents. Diluted loss per share utilizes the average market price per share
when applying the treasury stock method in determining common stock equivalents.
At December 31, 2004, there were no variances between the basic and diluted loss
per share as there were no potentially dilutive securities outstanding.

(2)     Related Party Transactions

During the years ended December 31, 2004 and 2003, Regatta Capital Ltd., a
company owned by the president of the Company, advanced $4,190 and $4,510 to the
Company to pay for certain expenses. A repayment of $1,961 was made during the
year ended December 31, 2004. At December 31, 2004, the Company was indebted to
Regatta Capital, Ltd in the amount of $6,739.

(3)      Miscellaneous Income

The Company earned miscellaneous consulting fees for work unrelated to its
principal business purpose. Miscellaneous income totaled $-0- and $2,051 for the
years ended December 31, 2004 and 2003, respectively.

(4)      Income Taxes

During the years ended December 31, 2004 and 2003, there were no temporary
differences between the recognition of certain expense items for income tax
purposes and financial reporting purposes.

A reconciliation of the U.S. statutory federal income tax rate to the effective
tax rate is as follows:

                                                             December 31,
                                                     --------------------------
                                                         2004           2003
                                                     -----------    -----------
U.S. statutory federal rate ......................       15.00%         15.00%
State income tax rate ............................        3.94%          3.94%
Net operating loss for which no tax
   benefit is currently available ................    -18.94%        -18.94%
                                                     -----------    -----------
                                                          0.00%          0.00%
                                                     ===========    ==========-


At December 31, 2004, the Company has a net operating loss carryforward for
federal income tax purposes of approximately $5,824, which was fully allowed for
in the valuation allowance of $5,824. The valuation allowance offsets the net
deferred tax asset for which there is no assurance of recovery. The change in
the valuation allowance for the year ended December 31, 2004 was $4,817. Due to
the uncertainty of the ultimate utilization of the net operating loss
carryforward, no tax benefit for losses has been provided by the Company in the
accompanying financial statements. The net operating loss carryforward will
expire through the year 2024.



                                      F-8

<PAGE>




Item 8. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure

On January 17, 2005, the Company dismissed Story & Company P.C., as its
independent public accountant and retained Cordovano and Honeck, LLP, Certified
Public Accountants as its independent public accountant. The Company's board of
directors adopted the resolutions on January 17, 2005 dismissing Story &
Company, P.C., and approving the selection of Cordovano and Honeck, LLP. Story &
Company, P.C., Certified Public Accountants ("Story PC") had been engaged as the
Company's principal independent accountants. Story PC reported that the
Company's financial statements during the three-year period ended December 31,
2003 and any subsequent interim period through the date of dismissal did not
contain an adverse opinion or disclaimer opinion, nor were such reports
qualified or modified as to uncertainty, audit scope or accounting principles.
During the three-year period ended December 31, 2003, and the subsequent interim
periods through the date of dismissal, the Company did not have any
disagreements with Story PC on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Story PC would have caused
it to make a reference to the subject matter of the disagreements in connection
with its reports.

The Company provided Story PC with a copy of the disclosure contained herein and
has requested that Story PC provide the Company with a letter addressed to the
U.S. Securities and Exchange Commission stating whether or they agree with the
disclosure. Story PC has provided such a letter, which was attached as an
Exhibit to the Current Report on Form 8-K filed on or about February x, 2005.
During the Company's two most recent fiscal years December 31, 2003 and 2002 and
the subsequent interim period through the engagement of Cordovano and Honeck,
LLP., the Company has not consulted with Cordovano and Honeck, LLP., regarding
either the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on the Company's financial statements, or any matter that was the
subject of a disagreement or reportable event as such terms are defined in Item
304 of Regulation S-B.


Item 8A. Controls and procedures

The Company maintains disclosure controls and procedures that are designed to
ensure that information required to be disclosed in the Company's Exchange Act
reports is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms, and that such information is accumulated
and communicated to the Company's management, including its Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure based closely on the definition of "disclosure
controls and procedures" in Rule 13a-14(c). The Company's disclosure controls
and procedures are designed to provide a reasonable level of assurance of
reaching the Company's desired disclosure control objectives. In designing and
evaluating the disclosure controls and procedures, management recognized that
any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives,
and management necessarily was required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures. The Company's
certifying officer has concluded that the Company's disclosure controls and
procedures are effective in reaching that level of assurance.



<PAGE>

As of the end of the period of this report, the Company carried out an
evaluation, under the supervision and with the participation of the Company's
management, including the Company's Chief Executive Officer and the Company's
Chief Financial Officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures. Based on the foregoing, the
Company's Chief Executive Officer and Chief Financial Officer concluded that the
Company's disclosure controls and procedures were effective.

There have been no significant changes in the Company's internal controls or in
other factors that could significantly affect the internal controls subsequent
to the date the Company completed its evaluation.


Item 8B  Other Information:       None


                                    Part III
Item 9. Directors, Executive Officers, Promoters and Control Persons, Compliance
With Section 16(A) Of the Exchange Act

     Name                          Age          Position
     -----                         ---          --------
     Stephen D. Replin             56            President and a Director


Directors are elected at each annual general meeting and serve until their
successors have been elected. Officers are appointed by the board of directors
and serve at the pleasure of the board.

Stephen D. Replin has been an officer and director of the Company since its
inception in September 1996. From October 1988 through the present, Mr. Replin
has served as the President of Regatta Capital, Ltd. Mr. Replin has been an
asset-based lender in the state of Colorado since 1977. Mr. Replin received a
Bachelor of Science Degree in accounting from the University of Colorado in June
1969 and a Masters Degree in Business Administration, with distinction, from the
New York University Graduate School of Business in June 1971, majoring in
corporate finance and investments. Mr. Replin received his law degree from the
University of Denver College of Law in June 1976, and a Master of Law Degree
(LL.M) in taxation from the New York University School of Law in June 1977. Mr.
Replin is a certified public accountant, licensed in the state of Colorado.


<PAGE>



Item 10. Executive Compensation

The following table on discloses all compensation received by the Company's
President (the Company's Chief Executive Officer) during the three years ending
December 31, 2004. During this three-year period no executive officer received
annual salary and bonus payments from the Company in excess of $100,000.
<TABLE>
<CAPTION>

                               Annual Compensation             Long Term Compensation
                           ---------------------------   ----------------------------------
                                                Other                 Securities               All
Name and                                       Annual    Restricted   Underlying               Other
Principal                                      Compen-     Stock       Options/      LTIP     Compen-
Position          Year     Salary    Bonus      sation     Awards        SARs       Payouts    sation
---------         ----     ------    -----     -------   ----------   ----------    -------   -------
<S>               <C>      <C>       <C>       <C>       <C>          <C>           <C>       <C>
Stephen Replin,   2004        --       --         --         --            --          --         --
President         2003        --       --         --         --            --          --         --
                  2002        --       --         --         --            --          --         --
</TABLE>


Item 11. Security Ownership Of Certain Beneficial Owners And Management.

The following table shows the ownership of the Company's common stock by the
Company's officers and directors and by those persons known by the Company to be
the beneficial owners of more than 5% of the Company's common stock as of March
3, 2005. Unless otherwise indicated all shares are owned of record.

                                                          Percent
                                                           of
Name and Address                        Shares Owned      Class
---------------                         ------------      -------
Stephen D. Replin                       3,870,000(1)       77.4%
222 Milwaukee St.
Suite 304
Denver, CO 80206


Chester Cedars
222 Milwaukee St.                         270,000           5.4%
Suite 304
Denver, CO 80206

All Officers and Directors as
a Group (1 person )                     3,870,000          77.4%

(1)  Includes shares owned by various business entities controlled by Mr.
     Replin.

There are no arrangements known to the Company which may result in a change in
control of the Company.


Item 12. Certain Relationships And Related Transactions.

Since September 1996 Regatta Capital, Ltd. has provided office space, furniture,
and office equipment to the Company. Regatta Capital is controlled by Stephen
Replin, an officer and director of the Company. As of December 31, 2002 Regatta
Capital had not charged the Company for rent or any related costs or expenses.
It is not expected that Regatta Capital will charge the Company for rent or
other services until the Company begins to generate revenues.


<PAGE>
Item 13. Exhibits And Reports On Form 8-K

(a) Exhibits


 3.1          Articles and Bylaws (1)
31.1     Sarbanes Oxley Section 302 Certification
31.2     Sarbanes Oxley Section 302 Certification
32.1     Sarbanes Oxley Section 906 Certification
32.2     Sarbanes Oxley Section 906 Certification




(1) Incorporated by reference, and as same exhibit number, from the Company's
Registration Statement on Form 10-SB (Commission File Number 0-27609).

(b) The Company did not file any reports on Form 8-K during the quarter ending
December 31, 2004. However a Current Report on Form 8-K was filed on January 20,
2005 and amended on January 31, 2005 to report the change in the Company's
auditors.


Item 14.  Principal Accountant Fees And Services

Cordovano and Honeck, LLP., Certified Public Accountants, are the Company's
independent auditors to examine the financial statements of the Company for the
fiscal year ending December 31, 2004 and 2003. Cordovano and Honeck, LLP., has
performed the following services and has been paid the following fees for these
fiscal years.

Audit Fees

Cordovano and Honeck, LLP., was paid aggregate fees of $2,750 for the fiscal
year ended December 31, 2003 and $2,750 for the fiscal year ended December 31,
2002 for professional services rendered for the audit of the Company's annual
financial statements and for the reviews of the financial statements included in
Company's quarterly reports on Form 10QSB during these fiscal years.


Audit-Related Fees

Cordovano and Honeck, LLP., was not paid any additional fees for the fiscal
years ended December 31, 2003 and December 31, 2002 for assurance and related
services reasonably related to the performance of the audit or review of the
Company's financial statements.

Tax Fees

Cordovano and Honeck, LLP., was not paid any fees for the fiscal years ended
December 31, 2003 and December 31, 2002 for professional services rendered for
tax compliance, tax advice and tax planning.

Other Fees
Cordovano and Honeck, LLP., was paid no other fees for professional services
during the fiscal years ended December 31, 2003 and December 31, 2002.


<PAGE>



                                   SIGNATURES


     In accordance with Section 13 or 15(a) of the Exchange Act, the Registrant
has caused this Report to be signed on its behalf by the undersigned, thereunto
duly authorized on the 2nd day of March, 2005.

                                       MONET ENTERTAINMENT GROUP, LTD.


                                       /s/ Stephen D. Replin
                                       -----------------------------------------
                                       Stephen D. Replin, President, Chief
                                       Executive Officer and Principal Financial
                                       Officer


     In accordance with the Exchange Act, this Report has been signed by the
following persons on behalf of the Registrant in the capacities and on the dates
indicated.


Signature                                   Title                    Date
---------                                   -----                    ----

/s/ Stephen D Replin
-----------------------------
Stephen Replin                            Director               March 2, 2005